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v3.23.1

Debt - Senior Secured Term Loan (Details) - USD ($) $ in Thousands |  | 3 Months Ended |
--- | --- | --- | ---
Oct. 27, 2022 | Mar. 31, 2023 | Mar. 31, 2022 | Jul. 31, 2020
Debt Facility |  |  |  |
Credit agreement reserve |  | $ 50,000 |  |
Interest expense |  |  |  |
Amortization of debt issuance costs |  | $ 438 | $ 464 |
Effective interest rate |  | 9.80% |  | 11.00%
Blackstone Credit Agreement |  |  |  |
Debt Facility |  |  |  |
Maximum borrowing capacity | $ 950,000 |  |  |
Debt issuance costs capitalized | 11,600 |  |  |
Credit agreement reserve |  | $ 50,000 |  |
Interest expense |  |  |  |
Contractual interest expense |  | 9,178 |  |
Amortization of debt issuance costs |  | 150 |  |
Total |  | $ 9,328 |  |
Effective interest rate |  | 13.20% |  |
Blackstone Credit Agreement | Minimum |  |  |  |
Debt Facility |  |  |  |
Minimum consolidated liquidity covenant | 100,000 |  |  |
Increased minimum consolidated liquidity covenant after consummation of acquisitions meeting specified thresholds | $ 200,000 |  |  |
Blackstone Credit Agreement | Adjusted Term SOFR |  |  |  |
Debt Facility |  |  |  |
Basis spread on variable rate | 7.25% |  |  |
Floor interest rate | 1.00% |  |  |
Blackstone Credit Agreement | Base Rate |  |  |  |
Debt Facility |  |  |  |
Basis spread on variable rate | 6.25% |  |  |
Floor interest rate | 2.00% |  |  |
Committed Loan Facility |  |  |  |
Debt Facility |  |  |  |
Maximum borrowing capacity | $ 450,000 |  |  |
Fund draw term | 18 months |  |  |
Loan term | 7 years |  |  |
Senior Secured Term Loan Facility |  |  |  |
Debt Facility |  |  |  |
Principal | $ 300,000 |  |  |
Committed Delayed Draw Term Loan Facility |  |  |  |
Debt Facility |  |  |  |
Maximum borrowing capacity | 150,000 |  |  |
Uncommitted Incremental Facility |  |  |  |
Debt Facility |  |  |  |
Maximum borrowing capacity | $ 500,000 |  |  |

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- Definition Amount of minimum liquid assets required to be maintained by the entity at designated measurement dates to comply with the financial covenants of a debt agreement. + References No definition available. + Details
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- Definition Amount of increased minimum liquid assets, after consummation of acquisitions meeting specified thresholds, required to be maintained by the entity at designated measurement dates to comply with the financial covenants of a debt agreement. + References No definition available. + Details
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- Definition Amount of amortization expense attributable to debt issuance costs. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126954810&loc=d3e3602-108585 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(8)) -URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1F -Subparagraph (b)(2) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495355-112611 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=124435984&loc=d3e28555-108399 + Details
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- Definition Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 6 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=123466204&loc=SL6036836-161870 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124435984&loc=d3e28551-108399 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=124429444&loc=SL124452920-239629 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(1)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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- Definition Period of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. + References No definition available. + Details
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- Definition Amount, before accumulated amortization, of debt issuance costs. Includes, but is not limited to, legal, accounting, underwriting, printing, and registration costs. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=124435984&loc=d3e28555-108399 + Details
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- Definition Represents the portion of interest incurred in the period on debt arrangements that was charged against earnings, excluding amortization of debt discount (premium) and financing costs. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69E -URI https://asc.fasb.org/extlink&oid=123466577&loc=SL123495743-112612 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1F -Subparagraph (b)(1) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495355-112611 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69F -URI https://asc.fasb.org/extlink&oid=123466577&loc=SL123495745-112612 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph 8 -URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227 + Details
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